All Forum Posts by: Tommy Sanchez

Wow!!! THANK all of you for all the POSITIVE feedback advice, and knowledge you're bringing my way. Truly appreciate it🙌 Since this is my first time, I will get myself a realtor to help me with making the property into rental. Then continue my readings/study in the real estate field to see which route I should take. 

Hi, Biggerpockets. I'm SUPER new to real estate... Never went to school for this industry. I'm currently on Chapter 4 of the "Ultimate Beginner's Guide" from BiggerPockets. I don't have any family or friends who are in the real estate business but I always wanted to get into real estate. Like many others, I was just scared to lose money and never knew where to start, since I really have no connections.

I have 3 questions and hoping to get advice from you guys

1) What do you guys do when family and friends keep telling you, not to "waste my time" in real estate? That it will be a bad decision
2) Would you rent out your home or sell it?


So, I currently own a 3 bedroom townhome with a lake view that I purchased for 375K in Longwood, FL 32750. My current mortgage is 1,495 + 315 for HOA, $1,810 a month.. My current job that I have been working for has been laying people off after 20 years, so that's why I decided that I needed a change in career and looking to see if real estate would work for me.



If I rent or sell my parents said I can live with them to save money, but was looking for advice on what you guys would do..

3) If you think renting out my property would be a great option, do I need to hire a property manager if I'm 15 minutes away from my home or get a realtor to help me place my home for rent on the market?